No, wait. Germany has decided its gold is safe in American hands (I knew it was one of those).
Surging mistrust of the euro during Europe’s debt crisis fed a campaign to bring Germany’s entire $141 billion gold reserve home from New York and London. Now, after politics shifted in Chancellor Angela Merkel’s coalition, the government has concluded that stashing half its bullion abroad is prudent after all.
“The Americans are taking good care of our gold… It’s my view that the gold reserves should be stored wherever they might be needed in an emergency.”